UPDATE: Barclays Starts AvidXChange Holdings (AVDX) at Overweight

AvidXchange Holdings (AVDX) Stock Gains as Street Initiates Bullish Coverage

Shares of AvidXchange (NASDAQ: AVDX) are up 4% today after numerous Street firms started research coverage with positive commentary.

The AP automation software company went public last month after it sold 26.4 million shares at $25.00 per share, at the top end of the previously raised $23.00 to $25.00 range.

All 9 Street firms started with a Buy or equivalent rating as they see an upside of roughly 30% on average.

Credit Suisse... More

KeyBanc Starts AvidXChange Holdings (AVDX) at Overweight

KeyBanc analyst Josh Beck initiates coverage on AvidXChange Holdings (NASDAQ: AVDX) with a Overweight rating and a price target of $30.00.

For an analyst ratings summary and ratings history on AvidXChange Holdings click here. For more ratings news on AvidXChange Holdings click here.

Shares of AvidXChange Holdings closed at $23.81 yesterday.

Credit Suisse Starts AvidXChange Holdings (AVDX) at Outperform

Credit Suisse analyst Timothy Chiodo initiates coverage on AvidXChange Holdings (NASDAQ: AVDX) with a Outperform rating and a price target of $28.00.

The analyst comments "AvidXchange is a leading provider of accounts payable (AP) automation software and payment solutions for middle-market businesses and... More

Piper Sandler Starts AvidXChange Holdings (AVDX) at Overweight

Piper Sandler analyst Brent Bracelin initiates coverage on AvidXChange Holdings (NASDAQ: AVDX) with a Overweight rating and a price target of $28.00.

For an analyst ratings summary and ratings history on AvidXChange Holdings click here. For more ratings news on AvidXChange Holdings click here.

Shares of AvidXChange Holdings closed at $23.81 yesterday.

UPDATE: Deutsche Bank Starts AvidXChange Holdings (AVDX) at Buy

(Updated - November 8, 2021 7:01 AM EST)

Deutsche Bank analyst Bryan Keane initiates coverage on AvidXChange Holdings (NASDAQ: AVDX) with a Buy rating and a price target of $30.00.

The analyst commented, "We are initiating on AVDX, a leading middle market B2B accounts payable (AP) automation and payments solution provider, with a Buy rating and... More

UPDATE: JPMorgan Starts AvidXChange Holdings (AVDX) at Overweight

(Updated - November 8, 2021 4:33 AM EST)

JPMorgan analyst Tien-tsin Huang initiates coverage on AvidXChange Holdings (NASDAQ: AVDX) with a Overweight rating and a price target of $28.00.

The analyst comments "We initiate coverage of AvidXchange with an Overweight rating and $28 December 2022... More

UPDATE: Goldman Sachs Starts AvidXChange Holdings (AVDX) at Buy

(Updated - November 8, 2021 4:35 AM EST)

Goldman Sachs analyst Will Nance initiates coverage on AvidXChange Holdings (NASDAQ: AVDX) with a Buy rating and a price target of $40.00.

The analyst comments "We view AVDX as a strong competitor in the middle market accounts payable (AP) automation landscape that is well positioned to drive... More